Voloridge Investment Management LLC Has $8.26 Million Position in Coupa Software Inc (NASDAQ:COUP)

Voloridge Investment Management LLC lowered its holdings in shares of Coupa Software Inc (NASDAQ:COUP) by 11.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,254 shares of the technology company’s stock after selling 8,043 shares during the quarter. Voloridge Investment Management LLC’s holdings in Coupa Software were worth $8,262,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in COUP. Nisa Investment Advisors LLC grew its holdings in shares of Coupa Software by 39.7% during the second quarter. Nisa Investment Advisors LLC now owns 405 shares of the technology company’s stock worth $51,000 after buying an additional 115 shares in the last quarter. Neuburgh Advisers LLC grew its holdings in shares of Coupa Software by 100.0% during the second quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock worth $45,000 after buying an additional 176 shares in the last quarter. Advantage Investment Management LLC bought a new position in shares of Coupa Software during the second quarter worth about $25,000. Glen Harbor Capital Management LLC grew its holdings in shares of Coupa Software by 100.0% during the second quarter. Glen Harbor Capital Management LLC now owns 484 shares of the technology company’s stock worth $61,000 after buying an additional 242 shares in the last quarter. Finally, First Hawaiian Bank grew its holdings in shares of Coupa Software by 8.9% during the second quarter. First Hawaiian Bank now owns 3,320 shares of the technology company’s stock worth $420,000 after buying an additional 270 shares in the last quarter.

A number of research analysts have weighed in on COUP shares. Goldman Sachs Group raised their price target on Coupa Software from $140.00 to $174.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Loop Capital raised their price target on Coupa Software to $125.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Deutsche Bank started coverage on Coupa Software in a research note on Wednesday, July 24th. They issued a “hold” rating and a $150.00 price target for the company. Canaccord Genuity started coverage on Coupa Software in a research note on Thursday, September 12th. They issued a “buy” rating and a $171.00 price target for the company. Finally, Wedbush raised their price target on Coupa Software from $168.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, September 4th. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $153.65.



Shares of NASDAQ COUP traded down $6.83 during midday trading on Wednesday, hitting $136.75. 2,322,277 shares of the company’s stock were exchanged, compared to its average volume of 2,149,609. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 1.25. Coupa Software Inc has a 12 month low of $52.01 and a 12 month high of $156.16. The company’s 50 day moving average price is $138.91 and its 200 day moving average price is $119.03. The firm has a market capitalization of $9.02 billion, a PE ratio of -204.10 and a beta of 1.60.

Coupa Software (NASDAQ:COUP) last issued its earnings results on Tuesday, September 3rd. The technology company reported ($0.25) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.44) by $0.19. Coupa Software had a negative return on equity of 13.73% and a negative net margin of 20.91%. The company had revenue of $95.00 million during the quarter, compared to the consensus estimate of $85.38 million. During the same period in the previous year, the company posted $0.05 EPS. The firm’s revenue for the quarter was up 54.0% compared to the same quarter last year. On average, equities research analysts anticipate that Coupa Software Inc will post -1.02 EPS for the current year.

In other news, Director Henry Tayloe Stansbury sold 5,000 shares of Coupa Software stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $135.15, for a total transaction of $675,750.00. Following the completion of the transaction, the director now directly owns 13,307 shares in the company, valued at approximately $1,798,441.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Veenendaal Frank Van sold 2,598 shares of Coupa Software stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $129.47, for a total value of $336,363.06. Following the transaction, the director now owns 81,137 shares of the company’s stock, valued at $10,504,807.39. The disclosure for this sale can be found here. Insiders have sold a total of 303,054 shares of company stock valued at $42,212,802 over the last quarter. 5.30% of the stock is currently owned by corporate insiders.

Coupa Software Profile

Coupa Software, Inc engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications. Its platform consists of procurement, invoicing, expense management and payments modules that form the transactional engine for managing a company’s business spend.

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Institutional Ownership by Quarter for Coupa Software (NASDAQ:COUP)

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